OPINION: My own layman’s understanding of NSSF’s 2018/19 results and why I still have faith in my NSSF
NSSF Managing Director Patrick Byarugaba (left) and Deputy Managing Director Patrick Ayota address the media last year. The Fund's management has warned that due to Covid-19 related economic stress, last year's double digit interest rates may not be sustained.
For every
organisation/company, there are 2 sources of revenue/income. There is the
mainstream revenue/income that comes from that particular company’s main business
such as gross turnover for Fast Moving Consumer Goods Companies (FMCG).
The second type of
revenue/income is classified as other income. Other income is that income that does not come from a
company's main operati